Accounts for 2023 show a surplus of €3.5m with Association looking at strategy to deal with long-term debt
has published its accounts for 2023 and they show that its debts have been reduced by €7.7 million to €43.2 million. While its cash balance is down significantly – from €10.9 million in 2022 to €1.6 million – the bulk of that difference was used to reduce a legacy debt that had stood at €50.9 million.
A big driver behind the improved figures was match-related income, which more than doubled from €9.1 million in 2022 to €18.6 million. The men’s team had six home fixtures in 2023, with five of them – Latvia, France, Gibraltar, Netherlands and Greece – attracting crowds of more than 40,000.
The Association hailed the improved accounts, saying that it has “continued to prudently manage its financial position in order to sustainably invest in the wider football community, reduce financial risk, while managing the costs associated with legacy debt issues”. “A strong 2023 has reinforced the steady improvement of the Association’s financial situation,” said FAI interim CEO David Courell. “While making progress, we are acutely conscious that we are only part way through the journey of clearing our legacy debt.
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